General Insurance Corporation IPO vs New India Assurance IPO

Comparision between General Insurance Corporation IPO and New India Assurance IPO.

IPO Details

General Insurance Corporation IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while New India Assurance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	General Insurance Corporation IPO	New India Assurance IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Citigroup Global Markets India Private Limited Deutsche Equities India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited	Axis Bank Limited Idfc Bank Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Yes Bank Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of General Insurance Corporation IPO is up to ₹11,175.84 Cr whereas the issue size of the New India Assurance IPO is up to ₹9,600.00 Cr. The final issue price of General Insurance Corporation IPO is ₹912.00 per share and of New India Assurance IPO is ₹800.00 per share.

	General Insurance Corporation IPO	New India Assurance IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹855.00 per share	₹770.00 per share
Issue Price (Upper)	₹912.00 per share	₹800.00 per share
Issue Price (Final)	₹912.00 per share	₹800.00 per share
Discount (Retail)	₹45.00 per share	₹30.00 per share
Discount (Employee)	₹45.00 per share	₹30.00 per share
Market Lot Size	16 shares	18 shares
Fresh Issue Size	1,72,00,000 shares	2,40,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	10,75,00,000 shares	9,60,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	12,47,00,000 shares	12,00,00,000 shares
Issue Size Total (Amount)	up to ₹11,175.84 Cr	up to ₹9,600.00 Cr

IPO Timetable

General Insurance Corporation IPO opens on Oct 11, 2017, while New India Assurance IPO opens on Nov 01, 2017. The closing date of General Insurance Corporation IPO and New India Assurance IPO is Oct 13, 2017, and Nov 03, 2017, respectively.

	General Insurance Corporation IPO	New India Assurance IPO
Anchor Bid Date
Issue Open	Oct 11, 2017	Nov 01, 2017
Issue Close	Oct 13, 2017	Nov 03, 2017
Basis Of Allotment (Tentative)	Oct 18, 2017	Nov 08, 2017
Initiation of Refunds (Tentative)	Oct 23, 2017	Nov 09, 2017
Credit of Share (Tentative)	Oct 24, 2017	Nov 10, 2017
Listing date (Tentative)	Oct 25, 2017	Nov 13, 2017
Anchor Lockin End date 1	Nov 17, 2017	Dec 08, 2017
Anchor Lockin End date 2	Jan 16, 2018	Feb 06, 2018

Financials

General Insurance Corporation IPO P/E ratio is , as compared to New India Assurance IPO P/E ratio of .

General Insurance Corporation IPO

New India Assurance IPO

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	485,269.54	406,375.76	430,986.15	332,005.86	281,390.59
Total Revenue	36,441.79	32,340.78	30,995.34	26,985.09	25,111.20
Profit After Tax	28,578.52	26,549.18	28,026.85	23,218.42	22,888.64

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	365,668.25	316,338.34	345,410.14
Total Revenue	205,536.23	176,727.27	157,110.83
Profit After Tax	8,398.60	9,303.54	13,773.23

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the General Insurance Corporation IPO retail investors (RII) are offered 4,35,94,532 shares while in New India Assurance IPO retail investors are offered 4,35,94,532 shares. Qualified institutional buyers (QIB) are offered 6,22,77,900 shares in General Insurance Corporation IPO and 5,82,00,000 shares in New India Assurance IPO.

	General Insurance Corporation IPO	New India Assurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	6,22,77,900 shares	5,82,00,000 shares
NII	1,86,83,371 shares	1,74,60,000 shares
RII	4,35,94,532 shares	4,07,40,000 shares
Employee	1,44,197 shares	36,00,000 shares
Others
Total	12,47,00,000 shares	12,00,00,000 shares

Bids Received (Subscription)

General Insurance Corporation IPO subscribed 1.38x in total, whereas New India Assurance IPO subscribed 1.20x.

	General Insurance Corporation IPO	New India Assurance IPO
QIB (times)	2.25x	2.34x
NII (times)	0.22x	0.11x
Big NII (times)
Small NII (times)
RII (times)	0.63x	0.11x
Employee (times)	0.94x	0.20x
Other (times)
Total (times)	1.38x	1.20x

Compare with others

General Insurance Corporation IPO	New India Assurance IPO
HDFC Life IPO	Shalby Hospital IPO
Khadim India IPO	Future Supply Chain IPO
New India Assurance IPO	Astron Paper IPO
Mahindra Logistics IPO	HDFC Life IPO
Reliance Nippon Life IPO	Khadim India IPO
Indian Energy Exchange IPO	Mahindra Logistics IPO
MAS Financial IPO	Reliance Nippon Life IPO
Godrej Agrovet IPO	General Insurance Corporation IPO
ICICI Lombard IPO	Indian Energy Exchange IPO
SBI Life Insurance IPO	MAS Financial IPO

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